Tanaka Capital Management Inc. Has $835,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

Tanaka Capital Management Inc. lifted its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 2,663.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,809 shares of the technology company's stock after acquiring an additional 4,635 shares during the period. NICE makes up 1.9% of Tanaka Capital Management Inc.'s portfolio, making the stock its 14th biggest position. Tanaka Capital Management Inc.'s holdings in NICE were worth $835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NICE. Vulcan Value Partners LLC boosted its position in NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company's stock valued at $204,168,000 after buying an additional 394,715 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company's stock valued at $273,642,000 after purchasing an additional 279,375 shares during the last quarter. Acadian Asset Management LLC grew its stake in NICE by 63.2% during the 2nd quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company's stock valued at $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP purchased a new stake in NICE during the 2nd quarter worth approximately $44,076,000. Finally, Black Creek Investment Management Inc. raised its position in shares of NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company's stock valued at $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NICE. Wedbush restated an "outperform" rating and issued a $250.00 price target on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. DA Davidson reduced their price target on shares of NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price target on shares of NICE in a research note on Friday, August 16th. Finally, Northland Securities cut their price objective on NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $260.57.

NICE Stock Down 1.8 %

NICE stock traded down $3.37 during trading hours on Monday, hitting $186.44. 378,324 shares of the company traded hands, compared to its average volume of 517,662. The firm's 50-day simple moving average is $177.65 and its two-hundred day simple moving average is $174.14. The firm has a market cap of $11.72 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.48 and a beta of 1.05. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73.

NICE Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.